Which of the Following May Be True of Nonbanks

question 90

Multiple Choice

Which of the following may be true of nonbanks?

• A)face less regulation and lower costs
• B)do not face reserve requirements
• C)do not have to maintain full service branches
• D)All of the above may be true.

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Definitions:

Resale Price

The price at which an item or good is sold after it has been previously purchased and owned by a consumer.

Finished Manufacturing

The complete process of producing goods, resulting in finished products ready for sale or distribution.

Good Faith

Acting with honest intent without taking unfair advantage over another party, often used in contract law.

Replacement Buyer

An individual or entity that steps in to purchase a property or product when the original buyer is unable to complete the transaction.